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Money management: Capital needed per 0.07 USD per microlot 0 replies

The Volume Detective 411 replies

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(binned per thread starter’s request) MM (Money Maker) Detective

  • #3,981
  • Jun 30, 2019 4:33am Jun 30, 2019 4:33am
Quoting bishopdotun
Exits Look at the white box. Shouldn't that be the exit? Seems you want to wait for the candle close below the line. Any reasons for that? {image} The indi seems to be resource heavy. Can we make it lighter?
@bishopdotun -- Regarding the Exit signal -- I think everything is okay -- or, at least it is doing what the programmer told it to do.

Attached Image (click to enlarge)
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Above is a screen shot of the corresponding price chart from my broker and the Exit marker gets drawn when a bar crosses the midline. Your chart also has the Exit marker correctly drawn, but several bars later. This is probably due to the funny business between GMT+0 and GMT+3 brokers that @Nih98 explained. In the end they both our trades would have closed at the same midline.

The way I coded the crossing is to check whether the previous and current Close values fall on either side of the midline.
  • #3,982
  • Jun 30, 2019 4:37am Jun 30, 2019 4:37am
Quoting Robot Trader
{quote} Suggestion on the Exit could be Intrabar instead of closed bar and to experiment there could be an option of Intrabar + X amount of pips. e.g. on D1 you might set this to 20 pips and on H1 5 pips
@Robot Trader -- perhaps. And I'm happy to revisit this once the indicator has stabilized. But this is a hunch that differs from @bishopdotun's strategy. Also, I'd really like to stay away from hard-coded numbers because they would differ from pair-to-pair.
  • #3,983
  • Jun 30, 2019 4:45am Jun 30, 2019 4:45am
Quoting robots4me
{quote} @Robot Trader -- perhaps. And I'm happy to revisit this once the indicator has stabilized. But this is a hunch that differs from @bishopdotun's strategy. Also, I'd really like to stay away from hard-coded numbers because they would differ from pair-to-pair.
BUT if you think about it a closed bar can vary much much more than using say Intrabar bar plus 1 pip, because waiting for a closed bar might not even happen resulting in a losing trade or the closed bar could give you random results e.g. one trade could close 30 pips below/above and another 5 pips below/above.
Some people say I'm lucky, but the more I practice the luckier I get
  • #3,984
  • Jun 30, 2019 4:46am Jun 30, 2019 4:46am
Quoting robots4me
{quote} @Islander -- if you are looking for advice or guidance, I'd say this was the wrong thread. Though we're using related indicators, we're working on a couple of reversal trading strategies. Feel free to join in and give advice or ask questions about the current indicators / EA.
Thank you for your reply - and with well over 20,000 hours of screen time and live trading I'll pass on looking for advice or guidance

I did note your focus on reversal trading which ~equates to my intra day swing trading as opposed to my ID Hit & Run trading which some call scalping which is posted live in our trading room and sometimes in FF too.

That m15 chart has a target reversal area noted by the mauve line as "KwOz PP from June 21" which denotes an expected level to be reached - just as WRB HG areas which you find ( i think ) via your MMZone2Filter are expected to be revisited. Thus I AM looking for potential reversal areas at price extremes with two potential upside ones marked on that chart.

I also zoom in onto M1 and S20 charts for execution - again as you guys are doing and here's my chart which refers to my RT post at 5:30pm CET on last Thursday, buying the M1 Higher Low for a 100 pts swing

So yes, I'll watch with interest and see if I can add any comments that may help with your indicators / EA

Regards

Islander
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #3,985
  • Jun 30, 2019 4:48am Jun 30, 2019 4:48am
Quoting giselle1723
Hi,R4me I'm sorry to interrupt you,but I check your BD indicator on 15M chart. BD indi:TF 240,ADR 20 R4m ADR:100D,20D,5D MTF fractal:30M,1H Period 25 I check it from Jun 10 to Jun 28,it seems that it works very,very well.(Attached file is this week chart) And also,upper line/lower line of BD indi often corresponds to important fib retracement/extension(38.2,61.8,127.2,161.8). I will trade with your indicators next week. Thanks {image}
@giselle1723 -- that is excellent news. Thanks for the analysis and screen shot. This gives me even more confidence.

Also, I don't want to take credit -- this is @bishopdotun's strategy. Logically it's very simple and clever -- and his instructions made it easy to code.
  • #3,986
  • Jun 30, 2019 4:53am Jun 30, 2019 4:53am
Quoting YoungET
{quote} A week on, and a week off from trading I am gradually getting back to where I was. I have caught myself up to date and have had a dabble with the new SpikeHunter, have to say I'm pleased to see you have taken the leap and decided to diverse from just the Intraday 15M. I'll be fully digging my teeth into swapping out IRUTM for SpikeHunter over the weekend (We will see how long I can tolerate sitting at the computer as it will be 35 degrees Celcius here in London UK), as you have definitely eliminated a fair few false positives with the updates...
@YoungET -- it's very nice to have you back and I hope your recovery goes quickly and smoothly. @bishopdotun's new strategy is going to keep you busy.

By the way -- what does 'OG' stand for?
  • #3,987
  • Jun 30, 2019 4:56am Jun 30, 2019 4:56am
Quoting robots4me
{quote} @YoungET -- it's very nice to have you back and I hope your recovery goes quickly and smoothly. @bishopdotun's new strategy is going to keep you busy. By the way -- what does 'OG' stand for?
My guess would be O = Old
Some people say I'm lucky, but the more I practice the luckier I get
  • #3,988
  • Jun 30, 2019 4:57am Jun 30, 2019 4:57am
Quoting robots4me
{quote} @YoungET -- it's very nice to have you back and I hope your recovery goes quickly and smoothly. @bishopdotun's new strategy is going to keep you busy. By the way -- what does 'OG' stand for?
Old gramp
  • #3,989
  • Jun 30, 2019 5:00am Jun 30, 2019 5:00am
I post here a universal r4m template that utilises all the main indicators and settings. All you have to do is to switch timeframe.
Make sure you have all the indicators listed below in your folder.
Attached Image(s) (click to enlarge)
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Attached Image
Attached File(s)
File Type: tpl r4m.tpl   433 KB | 363 downloads
  • #3,990
  • Jun 30, 2019 5:01am Jun 30, 2019 5:01am
Quoting YoungET
{quote} Apologize for the in and out type responses, I'm re-reading and throwing in some inputs that I would have done at the relevant time. These signals that were highlighted as "lower grade" signals so to speak and suggested filtered, do produce a fair few pips as you suggested. Instead of filtering them out, you could just highlight them as a level two entry, similar to how MM Detective marks level two & three pivots?
@YoungET -- perhaps. However I am always concerned about increased complexity -- since over time complexity tends to weigh things down and create other limitations. I'm good with leaving pips on the table.

Also, the indicator is already computationally pretty CPU intensive, so we don't want to use cycles computing additional values unless there is a significant win.
  • #3,991
  • Jun 30, 2019 5:12am Jun 30, 2019 5:12am
Quoting Robot Trader
{quote} BUT if you think about it a closed bar can vary much much more than using say Intrabar bar plus 1 pip, because waiting for a closed bar might not even happen resulting in a losing trade or the closed bar could give you random results e.g. one trade could close 30 pips below/above and another 5 pips below/above.
@Robot Trader -- I'm not waiting for a closed bar, at least I don't think I am. In MT4 there is no such thing as waiting for a closed bar. All there is is tick data and you don't know the close value of a bar until you get the Open tick for the next bar. Once you get the Open tick then MT4 looks back at its historical tick data and the last tick before the new Open becomes the Close.

For the exit, we are looking for the current bar to cross the midline. In MT4 the current close value, Close[0] is actually the Ask.

It's late and I'm starting to lose it -- sorry @Robot Trader, I'm not sure I properly addressed your comment. I'll try again tomorrow.
  • #3,992
  • Jun 30, 2019 5:38am Jun 30, 2019 5:38am
Quoting robots4me
{quote} @Robot Trader -- I'm not waiting for a closed bar, at least I don't think I am. In MT4 there is no such thing as waiting for a closed bar. All there is is tick data and you don't know the close value of a bar until you get the Open tick for the next bar. Once you get the Open tick then MT4 looks back at its historical tick data and the last tick before the new Open becomes the Close. For the exit, we are looking for the current bar to cross the midline. In MT4 the current close value, Close[0] is actually the Ask. It's late and I'm starting...
Just to give you something to think about when you wake up

I have attached a couple of screenshots showing parameters within my EA.

1) When set to closed bar you are correct it would be the first tick of the new bar, but this also is bad when taking gaps into consideration.
2) Intrabar, just needs that pips target (beyond the band) to be reached for the parameter condition to be met and you are out of the trade, in my screenshot the input parameter is Close Tolerance which can be a +/- value in pips.

I have another EA where to get away from the gap problem (waiting for a new tick from the new bar) the EA has a seconds input, so if it is trading e.g. the H4, I can set the seconds value to 300, which means the trade will close 5 minutes before the end of the H4 bar, this helps stop gaps.
Attached Images
Some people say I'm lucky, but the more I practice the luckier I get
  • #3,993
  • Jun 30, 2019 6:50am Jun 30, 2019 6:50am
Quoting robots4me
{quote} @YoungET -- it's very nice to have you back and I hope your recovery goes quickly and smoothly. @bishopdotun's new strategy is going to keep you busy. By the way -- what does 'OG' stand for?
OG has many meanings, I believe it's first meaning was "Original Gangster" is usually used to describe a long time poster on a thread etc.
  • #3,994
  • Edited 7:54am Jun 30, 2019 7:29am | Edited 7:54am
Exit & Entry

The white rectangle mark is both an entry and exit
Attached Image (click to enlarge)
Click to Enlarge Name: B7BE308D-EE3A-4588-80CB-C6D5B12ADA48.jpeg Size: 780 KB


Remember:
- If we are on a sell and price touches the lower band, we exit and vice versa.
- Touch means price poking above the line by at least 1pip.
  • #3,995
  • Edited 9:34am Jun 30, 2019 7:49am | Edited 9:34am
Quoting robots4me
{quote} @bishopdotun -- Regarding the Exit signal -- I think everything is okay -- or, at least it is doing what the programmer told it to do. {image} Above is a screen shot of the corresponding price chart from my broker and the Exit marker gets drawn when a bar crosses the midline. Your chart also has the Exit marker correctly drawn, but several bars later. This is probably due to the funny business between GMT+0 and GMT+3 brokers that @Nih98 explained. In the end they both our trades would have closed at the same midline. The way I coded the...
Rather than wait for bar close, we can exit when price pokes above the midline by x pips even when the bar has not closed. That way, we are sure of exit. If we are waiting for bar close, price may reverse significantly thus eroding our profit.

BTW thank you for the hard work so far. You are the MVOG.
  • #3,996
  • Jun 30, 2019 11:29am Jun 30, 2019 11:29am
Quoting robots4me
{quote} @Robot Trader -- I'm not waiting for a closed bar, at least I don't think I am. In MT4 there is no such thing as waiting for a closed bar. All there is is tick data and you don't know the close value of a bar until you get the Open tick for the next bar. Once you get the Open tick then MT4 looks back at its historical tick data and the last tick before the new Open becomes the Close. For the exit, we are looking for the current bar to cross the midline. In MT4 the current close value, Close[0] is actually the Ask. It's late and I'm starting...
Forgot to ask, I'm useless with code. I trade based on higher timeframe direction, is there a possibility of tweaking BD ADR to plot on the Weekly the same way it does on the Daily, any idea what settings would need to be changed?
  • #3,997
  • Jun 30, 2019 11:55am Jun 30, 2019 11:55am
Quoting robots4me
{quote} A: I try to open it for edit - all went black
Under Tools / Options / Charts my settings are: Max bars in history: 512000 Max bars in chart: 65000 And for indicator settings please just use the defaults for now. I haven't tested different combinations. Also, have you tried attaching it to a EURUSD chart? Could it be a problem with not enough broker data? Also, why did I see the indicator in the background of your screen shot? Is an instance already running? I take it the problem occurs when you attempt to edit the settings of a current instance of the indicator? Could you give me an example of a pair / time frame that crashes. Also, under the 'Experts' tab -- could you scroll down and look for errors. Also, can you close the settings dialog box and MT4 continues to run fine, or do you have to exit and relaunch MT4?[/quote]

_________________________________________________________________

Damn I tried anything, force download data (done) changed as above etc etc.

Does anybody has the indicator running on 10+ charts without problems (I have mine on 1H)?

PC

PS: Indicator running, but if I ie. want to change settings, all gets black even before I manage to open settings.
Also happens if I try to ie. save the template, goes black again..
Attached Image (click to enlarge)
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Less is more...
  • #3,998
  • Jun 30, 2019 12:14pm Jun 30, 2019 12:14pm
Quoting YoungET
{quote} Forgot to ask, I'm useless with code. I trade based on higher timeframe direction, is there a possibility of tweaking BD ADR to plot on the Weekly the same way it does on the Daily, any idea what settings would need to be changed?
@YoungET -- I would defer that question to @bishopdotun as to how that would fit with his strategy.

Personally, I would think you'd miss too many good signals to make it worthwhile. Since the strategy uses ADR ('D' for Daily), then wouldn't going to weekly lose the power of the ADR?

Also, since the strategy trades so rarely (e.g. once per week for D1), then going to weekly would result in only a handful of trades each year.
  • #3,999
  • Jun 30, 2019 12:29pm Jun 30, 2019 12:29pm
Quoting pipcruiser
{quote} Under Tools / Options / Charts my settings are: Max bars in history: 512000 Max bars in chart: 65000 And for indicator settings please just use the defaults for now. I haven't tested different combinations. Also, have you tried attaching it to a EURUSD chart? Could it be a problem with not enough broker data? Also, why did I see the indicator in the background of your screen shot? Is an instance already running? I take it the problem occurs when you attempt to edit the settings of a current instance of the indicator? Could you give me an...
_________________________________________________________________ Damn I tried anything, force download data (done) changed as above etc etc. Does anybody has the indicator running on 10+ charts without problems (I have mine on 1H)? PC PS: Indicator running, but if I ie. want to change settings, all gets black even before I manage to open settings. Also happens if I try to ie. save the template, goes black again.. {image}[/quote]

@pipcruiser -- okay, so that explains it. If you were to use a symbol dashboard (e.g. either @Nih98's or @cja's) then those 10+ charts become one. And clicking on a dashboard button is no more difficult than clicking on one of MT4's tab buttons along the bottom of the charts.

One experiment to try -- starting with only one chart, see if you can Edit the settings. Then keep adding one additional chart. I'll bet you'll get up to 7 or 8 before things start to crap out.

The BD indicator is CPU intensive because it uses recursion to implement MTF -- translated to English this means that with each tick it reloads the indicator DLL to perform its calculations. This is really expensive in terms of CPU -- but that's the trade-off we often make for being able to use certain strategies. Logically the BD strategy is very simple, but the implementation is CPU-intensive.
  • #4,000
  • Jun 30, 2019 12:32pm Jun 30, 2019 12:32pm
Quoting robots4me
{quote} _________________________________________________________________ Damn I tried anything, force download data (done) changed as above etc etc. Does anybody has the indicator running on 10+ charts without problems (I have mine on 1H)? PC PS: Indicator running, but if I ie. want to change settings, all gets black even before I manage to open settings. Also happens if I try to ie. save the template, goes black again.. {image}
@pipcruiser -- okay, so that explains it. If you were to use a symbol dashboard (e.g. either @Nih98's or @cja's) then those 10+ charts become one. And clicking on a dashboard button is no more difficult than clicking on one of MT4's tab buttons along the bottom of the charts. One experiment to try -- starting with only one chart, see if you can Edit the settings. Then keep adding one additional chart. I'll bet you'll get up to 7 or 8 before things start to crap out. The BD indicator is CPU intensive because it uses recursion to implement MTF -- translated to English this means that with each tick it reloads the indicator DLL to perform its calculations. This is really expensive in terms of CPU -- but that's the trade-off we often make for being able to use certain strategies. Logically the BD strategy is very simple, but the implementation is CPU-intensive.[/quote]

________

Thanks

One experiment to try -- starting with only one chart, see if you can Edit the settings. Then keep adding one additional chart. I'll bet you'll get up to 7 or 8 before things start to crap out. = Did that - 8 is the number

So maybe a lame question, whats the fix?

Thx

PC
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